Loss of Vessel. The Vessel suffers a Total Loss or is otherwise destroyed, abandoned, confiscated, forfeited or condemned as prize, or a similar event occurs in relation to any other vessel which may from time to time be mortgaged to the Lender as security for the payment of all or any part of the Indebtedness, except that a Total Loss, or event similar to a Total Loss in relation to any other vessel, shall not be an Event of Default if:
Loss of Vessel. 20. Should the vessel be lost, this charter shall terminate and hire shall cease at noon (GMT) on the day of her loss; should the vessel be a constructive total loss, this charter shall terminate and hire shall cease at noon (GMT) on the day on which the vessel’s underwriters agree that the vessel is a constructive total loss; should the vessel be missing, this charter shall terminate and hire shall cease at noon (GMT) on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers and Owners shall reimburse Charterers for the value of the estimated quantity of bunkers on board at the time of termination, at the price paid by Charterers at the last bunkering port. Off-hire
Loss of Vessel. Should the Vessel be lost, this Agreement shall terminate and payment of the Fees shall cease at noon on the day of her loss, or if such date of loss is unknown, at the time when the Vessel was last heard from. Should the Vessel be a constructive total loss, this Agreement shall be deemed to terminate at noon on the date on which the Vessel’s underwriters agree that the Vessel is a constructive total loss and the payment of Fees shall cease at noon on the day that this Agreement terminates. Should the Vessel be missing, this Agreement shall terminate and payment of the Fees shall cease at noon on the day on which she was last heard of. Any Fees paid in advance and not earned shall be returned to Customer and Contractor shall reimburse Customer for the value of the estimated quantity of bunkers on board at the time of termination, at the price paid by Customer at the last bunkering port. If the Vessel should be missing when a payment of Fees would otherwise be due, such payment shall be postponed until the safety of the Vessel is ascertained.
Loss of Vessel. Should the vessel be lost, this charter shall terminate and hire shall cease at noon on the day of her loss; should the vessel be a constructive total loss, this charter shall terminate and hire shall cease at noon on the day on which the vessel's underwriters agree that the vessel is a constructive total loss; should the vessel be missing, this charter shall terminate and hire shall cease at noon on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to charterers and owners shall reimburse charterers for the value of the estimated quantity of bunkers on board at the time of termination, at the price paid by charterers at the last bunkering port.
Loss of Vessel. Should the Vessel be lost, this charter shall terminate and hire shall cease at noon on the day of her loss; should the Vessel be a constructive total loss, this charter shall terminate and hire shall cease at noon on the day on which the Vessel’s underwriters agree that the Vessel is a constructive total loss; should the vessel be missing, this charter shall terminate and hire shall cease at noon on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers. [*].
Loss of Vessel. 17.1 If a Vessel owned by the Company or a Subsidiary becomes an actual or contructive total loss, then the insurance proceeds in respect of that total loss paid to the Company or a Subsidiary shall be applied in or towards repayment of any outstanding indebtedness to the lender (if a financing or loan is in place) attributable to the Vessel that is the subject of the total loss.
Loss of Vessel. The Vessel suffers a Total Loss or is otherwise destroyed or abandoned, except that a Total Loss (which term shall for the purposes of the remainder of this Clause 22.1.16 include an event similar to a Total Loss in relation to any other vessel) shall not be an Event of Default if: (a) the Vessel is insured in accordance with the Security Documents and a claim for Total Loss is available under the terms of the relevant insurances; and
Loss of Vessel. A Vessel suffers a Total Loss and payment of all insurance proceeds in respect of the Total Loss is not made in full to the Security Agent in accordance with Clause 6.3.
Loss of Vessel. 28.1 Should the Vessel:
Loss of Vessel. Should the Vessel be either lost or missing and presumed lost, Charterer may, at its sole discretion, terminate this Charter, in which case hire shall cease to be payable at the time of the loss or, if said time is unknown, at the time of the Vessel’s last received communication. Similarly, should the Vessel become a constructive total loss, Charterer may, at its sole discretion, terminate this Charter, in which case hire shall cease to be payable at the time of the casualty resulting in the constructive loss. The Vessel shall be considered missing and presumed lost when, after a reasonable lapse of time, it fails to reach its next scheduled port and reasonable efforts to contact it fail. N00033-07-C-5416 ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0001 1 Each $ 28,318,822.00 $ 28,318,822.00 Firm Period Vessel 1 Fixed Price FFP Per Diem $27,010,000.00 ($74,000.00 per day) Delivery bonus $1,308,822.00 FOB: Destination NET AMT $ 28,318,822.00 ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0002 Year 1 Vessel 1 Reimbursables FFP FOB: Destination NET AMT $ 0.00 N00033-07-C-5416 ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0003 1 Each $ 22,991,028.00 $ 22,991,028.00 Firm Period Vessel 2 Fixed Price FFP Per Diem $21,682,206.00 ($79,422.00 per day) Delivery bonus $1,308,822.00 FOB: Destination NET AMT $ 22,991,028.00 ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0004 Year 1 Vessel 2, Reimbursables FFP FOB: Destination NET AMT $ 0.00 ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0005 1 Each $ 21,137,150.00 $ 21,137,150.00 OPTION Year 2 Vessel I Fixed Price FFP Per Diem $21,137,150 ($57,900.00 per day) FOB: Destination NET AMT $ 21,137,150.00 N00033-07-C-5416 ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0006 Option Year 2 Vessel I Reimbursables FFP FOB: Destination NET AMT $ 0.00 ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0007 1 Each $ 21,137,150.00 $ 21,137,150.00 OPTION Year 2 Vessel 2 Fixed Price FFP Per Diem $21,137,150 ($57,900.00 per day) FOB: Destination NET AMT $ 21,137,150.00 ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0008 OPTION Year 2 Vessel 2 Reimbursables FFP FOB: Destination NET AMT $ 0.00 N00033-07-C-5416 ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0009 1 Each $ 20,042,150.00 $ 20,042,150.00 OPTION Year 3 Vessel 1 Fixed Price FFP Per Diem $20,042,150.00 ($54,910.00 per day) FOB: Destination NET AMT $ 20,042,150.00 ITEM NO SUPPLIES/SER...
